Fig. 6
From: Non-Value-Added Tax to improve market fairness and quality
Distribution of daily tax payment. In order to estimate how much money the NVAT would collect, we measure the average daily tax payment made by different categories of traders. The figures are generated based on our artificial market model and can be scaled to markets of different sizes. We show that our representative group of Fundamentalists and High Frequency Traders pay annually an average of $132,805 and $15,488,106, respectively. Hence, the NVAT significantly increases tax revenues, without causing major distortions